GHP Investment Advisors Inc. Boosts Stock Position in ePlus inc. (NASDAQ:PLUS)

GHP Investment Advisors Inc. lifted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,342 shares of the software maker’s stock after buying an additional 533 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.39% of ePlus worth $7,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after acquiring an additional 307 shares during the period. GAMMA Investing LLC raised its position in shares of ePlus by 203.2% during the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of ePlus during the 3rd quarter worth about $76,000. Advisors Asset Management Inc. lifted its stake in ePlus by 43.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock valued at $110,000 after buying an additional 342 shares in the last quarter. Finally, KBC Group NV boosted its holdings in ePlus by 48.9% in the 4th quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock worth $102,000 after buying an additional 453 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut ePlus from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

ePlus Stock Performance

NASDAQ:PLUS opened at $80.93 on Thursday. ePlus inc. has a twelve month low of $56.33 and a twelve month high of $106.98. The company has a market cap of $2.17 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.82 and a beta of 1.10. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $77.83 and its 200-day moving average price is $87.00.

ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.83% and a net margin of 5.08%. On average, sell-side analysts forecast that ePlus inc. will post 4.39 earnings per share for the current fiscal year.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.